Montenegro

Black Mountain

Montenegro - the pearl of the Mediterranean - boasts stunning mountainous landscapes, dramatic coastlines, historic monuments and truly beautiful walled old towns. A great place for business and leisure.

Montenegro (Montenegrin: Crna Gora, meaning "Black Mountain") is a country in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west. Its capital and largest city is Podgorica, while Cetinje is designated as the Prijestonica, meaning the former Royal Capital City.

Business life

With its flexible business-friendly atmosphere and its liberal gambling regulations, Montenegro is the first choice for the Internet gambling business.

We take care of procedure in a transparent, quick, and efficient manner.

Here is some information for those planning to establish a company in Montenegro.

  • Montenegro is one of the most politically stable countries of the region.
  • Montenegro is an EU and NATO integration candidate.
  • Montenegro has free trade agreements with the EU.
  • Official currency: Euro (€)
  • Developed financial and telecommunication system
  • Corporate income Tax: 9%
  • Personal income Tax: 9%
  • The dividend and the profit are freely transferable.
  • Montenegro offers visa free travel for most nationalities.
  • Double taxation agreements with 36 countries: Albania, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, Iran, Italy, South Korea, Kuwait, Latvia, Macedonia, Malaysia, Moldova, the Netherlands, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Sri Lanka, Sweden, Turkey, Ukraine and the United Kingdom

Forms of business entities

Limited Liability Company requirements:

  • Personal identification card
  • Completed registration form
  • Minimum capital requirement: 1 €
  • Registration fee: 10 €

Joint Stock Company requirements:

  • Minimum capital requirement: 25 000 €
  • Founding act
  • List names of all board members and managers
  • Name and addresses of executive director, revisionary board and secretaries
  • Organizational and operational rules
  • Completed registration form
  • Registration fee: 10 €
  • Resolution from Security Commission board approving a public offer of shares

Opening a bank account and applying for a tax identification number are obligatory in both business forms.

The country

Montenegro is located in the Balkans on the Adriatic sea approximately 500 kilometers from Rome, 1.500 kilometers from Paris and Berlin and about 2.000 kilometers from Moscow.

Details

  • Government: Republic
  • Area: ~ 14.000 km2
  • Population: ~ 650.000
  • Official language: Montenegrin
  • Calling Code: +382
  • Internet TLD: .me (.cg, .yu)
  • Time Zone: GTC +1

Cities

Podgorica
The capital and largest city in Montenegro, experiencing a huge architectural boom in the last couple of years
Cetinje
The old royal capital of Montenegro, with a large number of museums, monasteries and former embassies
Niksic
The second largest city in Montenegro and economically important
Budva
Most popular resort with great beaches and vibrant nightlife
Tivat
A small town in the Bay of Kotor, quickly emerging into a major touristic, business and transport centre
Kotor
An ancient fortified town located deep down the ‘Boka Kotorska’ bay, UNESCO World Heritage Site